HNA Wants to Boost Position as Top Shareholder in Spanish Hotel Chain

MADRID—Chinese conglomerate HNA Group said Friday it is in talks with Italian bank Intesa Sanpaolo about buying part of its shares in NH Hoteles SA, bolstering its position as top shareholder in the Spanish hotel chain.

In a regulatory filing, HNA Group said it had offered to buy 30.56 million shares of NH from Intesa, for 139 million euros ($189 million), or EUR4.55 a share. The purchase would take HNA's stake in NH to roughly 29.9%,...